Hurun India 500 2022 edition
Rank#455- Valuation
- ₹6,868 Cr
2021 #290
Market Cap
₹4,972 Cr
INDIGOPNTS · NSE
Share Price
₹1,038.90
-0.27% today
Revenue
₹1,405 Cr
FY 2025-26 · +4.8% YoY
EBITDA
₹249 Cr
Margin 17.7%
Net Profit
₹150 Cr
FY 2025-26 · +5.9% YoY
P/E (TTM)
29.4x
P/B 4.2x
ROE
13.5%
ROCE 17.1%
Debt / Equity
0.02
Interest cover 1.6x
About Indigo Paints Limited
Data last updated:
Indigo Paints Limited is a public limited company based in Pune, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 28 March 2000 and has been in existence for over 26 years.
Its director Hemant Kamala Jalan and family are #872 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L24114PN2000PLC014669. Its GSTIN is 05AAACI8094D1ZO (Uttarakhand). The company holds 25 GST registrations, of which 22 are active. Its shares are listed on BSE: 543258 and NSE: INDIGOPNTS.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹47.73 Cr. It was formerly known as Indigo Paints Private Limited. It is led by directors including Hemant Kamala Jalan (Managing Director) and Ravi Nigam.
Its last annual general meeting (AGM) was held on 12 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Indigo Tower Street – 5 Pallod Farm – 2 Baner Road, Pune, Maharashtra, India – 411045.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,405.02 Cr, a growth of 4.8% compared to the previous year. For the same year it recorded a net profit of ₹149.61 Cr (net margin 10.6%) and EBITDA of ₹248.64 Cr (EBITDA margin 17.7%). The net worth stands at ₹1,153.97 Cr (up 12% YoY). Total assets are valued at ₹1,245.27 Cr (up 12.1% YoY).
The company has about 1,082 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indigo Paints. As per MCA filings, the company has satisfied charges of ₹125.37 Cr on record. Court records list 502 cases involving the company, including 492 filed by the company and 9 filed against it; 326 cases are pending. The company has 19 deals on record (7 secondary share transfers, 6 market trades, 5 funding rounds), with disclosed funding of ₹145.33 Cr; the latest was in May 2025. Its 10 peer companies in the Manufacturing industry (Paints) are compared by revenue, 5 larger and 5 smaller; the largest is Kansai Nerolac Paints Limited with revenue of ₹7,486.41 Cr. The company has 19 MSME Form 1 returns on record between 2019 and 2024, listing 4,747 overdue payments to 221 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indigopaints.com.
Company Details of Indigo Paints Limited
CIN L24114PN2000PLC014669
Registration Number 014669
Incorporation Date 28 March 2000
ROC Pune
Listing Status Listed (BSE: 543258, NSE: INDIGOPNTS)
Company Status Active
Date of Last AGM 12 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN History of Indigo Paints Limited
Indigo Paints has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24114PN2000PLC014669, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24114PN2000PLC014669 | Current |
| U24114PN2000PTC014669 | Previous |
| U24114PN2000PLC014669 | Previous |
Key People
Hemant Kamala Jalan Managing Director Ravi Nigam Director Narayanankutty Kottiedath Venugopal Director Recognitions & Rankings of Indigo Paints
Hurun India Rich List 2026 edition · 1 director
- #872 Hemant Kamala Jalan & family ₹3,400 Cr
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressIndigo Tower Street – 5 Pallod Farm – 2 Baner Road, Pune, Maharashtra, India – 411045
- IndustryManufacturing, Paint & Coatings
Comprehensive company report
Indigo Paints Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
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Associated Brands with Indigo Paints Limited
Indigo Paints operates one associated brand: Indigo Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of paints | indigopaints.com |
Business Activity of Indigo Paints Limited
The main business activity of Indigo Paints is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indigo Paints Limited FY 2025-26 filings available
Indigo Paints Limited reported revenue of ₹1,405.02 Cr (up 4.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,405 Cr
+4.8% YoY
EBITDA
₹249 Cr
+6.5% YoY
Profit After Tax
₹150 Cr
+5.9% YoY
Net Worth
₹1,154 Cr
+12.0% YoY
Total Assets
₹1,245 Cr
+12.1% YoY
Total Debt
₹21.13 Cr
-22.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 1,405 | 1,341 | 1,306 | 1,073 |
| Revenue growth | +4.8% | +2.7% | +21.7% | - |
| EBITDA | 249 | 233 | 238 | 182 |
| EBITDA margin | +17.7% | +17.4% | +18.2% | +16.9% |
| Profit before tax | 198 | 190 | 199 | 156 |
| Net profit | 150 | 141 | 147 | 131 |
| Net profit margin | +10.7% | +10.5% | +11.2% | +12.2% |
| EPS (₹) | 30.43 | 29.76 | 30.94 | 27.73 |
| Balance sheet | ||||
| Total assets | 1,245 | 1,111 | 973 | 796 |
| Net worth | 1,154 | 1,031 | 902 | 776 |
| Total debt | 21.13 | 27.27 | 21.03 | 11.86 |
| Cash & bank | 32.13 | 37.12 | 32.93 | 48.79 |
| Net working capital | 154 | 183 | 180 | 128 |
| Cash flow | ||||
| Cash from operations | 223 | 206 | 151 | 116 |
| Cash from investing | (196) | (178) | (142) | (84.40) |
| Cash from financing | (31.54) | (23.93) | (23.24) | (20.06) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 370 | 425 | 359 | 312 | 309 | 388 | 343 | 300 |
| Revenue growth (YoY) | +19.7% | +9.7% | +4.7% | +4.2% | -0.7% | - | - | - |
| Other income | 10.19 | 0.28 | 3.73 | 2.99 | 5.96 | 6.03 | 3.15 | 5.12 |
| EBITDA | 62.02 | 95.58 | 62.22 | 46.54 | 44.31 | 87.42 | 57.19 | 41.50 |
| EBITDA margin | +16.8% | +22.5% | +17.3% | +14.9% | +14.3% | +22.6% | +16.7% | +13.9% |
| Depreciation | 15.60 | 15.32 | 15.03 | 15.06 | 14.82 | 13.23 | 14.68 | 15.36 |
| Interest | 0.58 | 0.95 | 0.57 | 0.71 | 0.69 | 1.55 | 0.61 | 0.71 |
| Profit before tax | 56.03 | 79.59 | 50.35 | 33.76 | 34.76 | 78.67 | 45.05 | 30.55 |
| Tax | 14.32 | 20.43 | 13.21 | 8.51 | 8.70 | 21.26 | 9.20 | 8.30 |
| Net profit | 41.71 | 59.16 | 37.14 | 25.25 | 26.06 | 57.41 | 35.85 | 22.25 |
| EPS (₹) | 8.72 | 12.06 | 7.60 | 5.26 | 5.42 | 11.91 | 7.54 | 4.74 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,330 | 1,277 | 1,255 | 1,073 | 906 | 723 | 625 |
| Revenue growth | +4.1% | +1.8% | +16.9% | +18.5% | +25.3% | +15.8% | - |
| EBITDA | 241 | 232 | 233 | 182 | 136 | 123 | 90.99 |
| EBITDA margin | +18.1% | +18.1% | +18.5% | +16.9% | +15.0% | +16.9% | +14.6% |
| Profit before tax | 195 | 192 | 198 | 156 | 114 | 97.90 | 67.43 |
| Net profit | 150 | 144 | 148 | 131 | 84.10 | 70.86 | 47.76 |
| Net profit margin | +11.3% | +11.3% | +11.8% | +12.2% | +9.3% | +9.8% | +7.6% |
| EPS (₹) | 30.50 | 30.22 | 31.22 | 27.73 | 17.67 | 14.89 | 16.48 |
| Balance sheet | |||||||
| Total assets | 1,213 | 1,077 | 941 | 796 | 672 | 579 | 259 |
| Net worth | 1,182 | 1,048 | 915 | 776 | 650 | 563 | 197 |
| Total debt | 18.38 | 19.70 | 16.84 | 11.86 | 12.44 | 8.78 | 56.33 |
| Cash & bank | 28.55 | 37.10 | 32.67 | 48.79 | 99.62 | 258 | 5.68 |
| Net working capital | 138 | 168 | 167 | 128 | 160 | 268 | 33.92 |
| Cash flow | |||||||
| Cash from operations | 211 | 205 | 152 | 116 | 65.19 | 121 | 72.34 |
| Cash from investing | (194) | (175) | (143) | (84.40) | (69.16) | (318) | (61.27) |
| Cash from financing | (25.97) | (25.47) | (23.81) | (20.06) | (5.29) | 236 | (17.23) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 350 | 398 | 339 | 298 | 295 | 367 | 327 | 289 |
| Revenue growth (YoY) | +18.7% | +8.4% | +3.5% | +3.5% | +0.3% | - | - | - |
| Other income | 9.85 | 0.19 | 3.57 | 2.74 | 5.72 | 5.57 | 2.96 | 4.89 |
| Total expenses | 288 | 306 | 279 | 253 | 251 | 281 | 270 | 246 |
| EBITDA | 61.95 | 91.69 | 59.76 | 45.81 | 43.61 | 85.89 | 57.31 | 42.59 |
| EBITDA margin | +17.7% | +23.0% | +17.6% | +15.3% | +14.8% | +23.4% | +17.5% | +14.8% |
| Depreciation | 14.36 | 14.10 | 13.84 | 13.86 | 13.63 | 12.07 | 13.93 | 13.96 |
| Interest | 0.51 | 0.85 | 0.46 | 0.54 | 0.53 | 1.42 | 0.45 | 0.57 |
| Profit before tax | 56.93 | 76.93 | 49.03 | 34.15 | 35.17 | 77.97 | 45.89 | 32.95 |
| Tax | 14.56 | 19.59 | 12.87 | 8.60 | 8.81 | 21.07 | 9.43 | 8.83 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 19 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 370 | 425 | 359 | 312 | 309 | 388 | 343 | 300 |
| Revenue growth (YoY) | +19.7% | +9.7% | +4.7% | +4.2% | -0.7% | - | - | - |
| Other income | 10.19 | 0.28 | 3.73 | 2.99 | 5.96 | 6.03 | 3.15 | 5.12 |
| EBITDA | 62.02 | 95.58 | 62.22 | 46.54 | 44.31 | 87.42 | 57.19 | 41.50 |
| EBITDA margin | +16.8% | +22.5% | +17.3% | +14.9% | +14.3% | +22.6% | +16.7% | +13.9% |
| Depreciation | 15.60 | 15.32 | 15.03 | 15.06 | 14.82 | 13.23 | 14.68 | 15.36 |
| Interest | 0.58 | 0.95 | 0.57 | 0.71 | 0.69 | 1.55 | 0.61 | 0.71 |
| Profit before tax | 56.03 | 79.59 | 50.35 | 33.76 | 34.76 | 78.67 | 45.05 | 30.55 |
| Tax | 14.32 | 20.43 | 13.21 | 8.51 | 8.70 | 21.26 | 9.20 | 8.30 |
| Net profit | 41.71 | 59.16 | 37.14 | 25.25 | 26.06 | 57.41 | 35.85 | 22.25 |
| EPS (₹) | 8.72 | 12.06 | 7.60 | 5.26 | 5.42 | 11.91 | 7.54 | 4.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 1,405 | 1,341 | 1,306 | 1,073 |
| Revenue growth | +4.8% | +2.7% | +21.7% | - |
| Other income | 12.96 | 18.50 | 14.22 | 10.07 |
| Total expenses | 1,156 | 1,107 | 1,068 | 892 |
| Employee cost | 127 | 114 | 99.48 | 73.10 |
| EBITDA | 249 | 233 | 238 | 182 |
| EBITDA margin | +17.7% | +17.4% | +18.2% | +16.9% |
| Depreciation | 60.22 | 58.53 | 51.58 | 34.35 |
| Interest | 2.92 | 3.50 | 2.12 | 1.38 |
| Profit before tax | 198 | 190 | 199 | 156 |
| Tax | 50.85 | 47.79 | 49.76 | 23.94 |
| Net profit | 150 | 141 | 147 | 131 |
| Net profit margin | +10.7% | +10.5% | +11.2% | +12.2% |
| EPS (₹) | 30.43 | 29.76 | 30.94 | 27.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 47.68 | 47.63 | 47.62 | 47.59 |
| Reserves & surplus | 1,106 | 983 | 855 | 729 |
| Shareholders' funds (net worth) | 1,154 | 1,031 | 902 | 776 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1.55 | 5.95 | 2.47 | 0.00 |
| Unsecured loans | 19.58 | 21.32 | 18.56 | 11.86 |
| Total debt | 21.13 | 27.27 | 21.03 | 11.86 |
| Total liabilities | 1,245 | 1,111 | 973 | 796 |
| Assets | ||||
| Gross block | 874 | 792 | 758 | 382 |
| Net block | 590 | 568 | 591 | 265 |
| Capital work in progress | 220 | 136 | 17.42 | 251 |
| Investments | 300 | 226 | 167 | 132 |
| Inventories | 178 | 154 | 171 | 118 |
| Sundry debtors | 286 | 244 | 223 | 200 |
| Cash & bank balances | 32.13 | 37.12 | 32.93 | 48.79 |
| Loans & advances | 15.68 | 24.33 | 31.28 | 20.49 |
| Total current assets | 512 | 459 | 458 | 387 |
| Total current liabilities | 358 | 275 | 278 | 259 |
| Net working capital | 154 | 183 | 180 | 128 |
| Total assets | 1,245 | 1,111 | 973 | 796 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 37.11 | 32.92 | 47.18 | 35.53 |
| Net cash from operating activities | 223 | 206 | 151 | 116 |
| Net cash from investing activities | (196) | (178) | (142) | (84.40) |
| Net cash from financing activities | (31.54) | (23.93) | (23.24) | (20.06) |
| Net change in cash | (4.99) | 4.19 | (14.26) | 11.65 |
| Closing cash | 32.13 | 37.12 | 32.93 | 48.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +4.8% | +2.7% | +21.7% | - |
| EBITDA growth | +6.5% | -1.9% | +31.2% | - |
| PBT growth | +4.5% | -4.4% | +27.4% | +9997.0% |
| Net income growth | +5.9% | -3.8% | +11.9% | - |
| Revenue CAGR (3Y) | +9.4% | - | - | - |
| EBITDA CAGR (3Y) | +11.1% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +10.5% | +10.6% | +11.4% | +12.3% |
| Return on capital employed | +17.1% | +18.6% | +22.7% | +19.8% |
| Return on net worth | +13.5% | +14.7% | +17.7% | +17.0% |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest cover | 1.55 | 2.00 | 1.14 | 0.94 |
| Efficiency & per share | ||||
| Fixed asset turnover | 1.69 | 1.73 | 2.29 | 2.81 |
| Inventory turnover | 8.47 | 8.27 | 9.06 | 9.12 |
| Debtors turnover | 5.31 | 5.74 | 6.17 | 5.36 |
| EPS (₹) | 30.43 | 29.76 | 30.94 | 27.73 |
| Dividend per share (₹) | 5.00 | 3.50 | 3.50 | 3.50 |
| Book value per share (₹) | 242.05 | 216.35 | 189.44 | 163.09 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 350 | 398 | 339 | 298 | 295 | 367 | 327 | 289 |
| Revenue growth (YoY) | +18.7% | +8.4% | +3.5% | +3.5% | +0.3% | - | - | - |
| Other income | 9.85 | 0.19 | 3.57 | 2.74 | 5.72 | 5.57 | 2.96 | 4.89 |
| Total expenses | 288 | 306 | 279 | 253 | 251 | 281 | 270 | 246 |
| EBITDA | 61.95 | 91.69 | 59.76 | 45.81 | 43.61 | 85.89 | 57.31 | 42.59 |
| EBITDA margin | +17.7% | +23.0% | +17.6% | +15.3% | +14.8% | +23.4% | +17.5% | +14.8% |
| Depreciation | 14.36 | 14.10 | 13.84 | 13.86 | 13.63 | 12.07 | 13.93 | 13.96 |
| Interest | 0.51 | 0.85 | 0.46 | 0.54 | 0.53 | 1.42 | 0.45 | 0.57 |
| Profit before tax | 56.93 | 76.93 | 49.03 | 34.15 | 35.17 | 77.97 | 45.89 | 32.95 |
| Tax | 14.56 | 19.59 | 12.87 | 8.60 | 8.81 | 21.07 | 9.43 | 8.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,330 | 1,277 | 1,255 | 1,073 | 906 | 723 | 625 |
| Revenue growth | +4.1% | +1.8% | +16.9% | +18.5% | +25.3% | +15.8% | - |
| Other income | 12.22 | 17.46 | 13.43 | 10.07 | 10.89 | 3.59 | 1.64 |
| Total expenses | 1,089 | 1,046 | 1,022 | 892 | 770 | 601 | 534 |
| Employee cost | 117 | 104 | 92.33 | 73.10 | 56.33 | 48.31 | 41.99 |
| EBITDA | 241 | 232 | 233 | 182 | 136 | 123 | 90.99 |
| EBITDA margin | +18.1% | +18.1% | +18.5% | +16.9% | +15.0% | +16.9% | +14.6% |
| Depreciation | 55.43 | 53.84 | 46.18 | 34.35 | 31.25 | 24.39 | 19.61 |
| Interest | 2.39 | 2.96 | 1.59 | 1.38 | 1.33 | 3.81 | 5.59 |
| Profit before tax | 195 | 192 | 198 | 156 | 114 | 97.90 | 67.43 |
| Tax | 49.88 | 48.29 | 49.70 | 23.94 | 30.24 | 27.06 | 19.61 |
| Net profit | 150 | 144 | 148 | 131 | 84.10 | 70.86 | 47.76 |
| Net profit margin | +11.3% | +11.3% | +11.8% | +12.2% | +9.3% | +9.8% | +7.6% |
| EPS (₹) | 30.50 | 30.22 | 31.22 | 27.73 | 17.67 | 14.89 | 16.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 47.68 | 47.63 | 47.62 | 47.59 | 47.57 | 47.57 | 47.33 |
| Reserves & surplus | 1,135 | 1,000 | 867 | 729 | 602 | 516 | 150 |
| Shareholders' funds (net worth) | 1,182 | 1,048 | 915 | 776 | 650 | 563 | 197 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27.25 |
| Unsecured loans | 18.38 | 19.70 | 16.84 | 11.86 | 12.44 | 8.78 | 29.08 |
| Total debt | 18.38 | 19.70 | 16.84 | 11.86 | 12.44 | 8.78 | 56.33 |
| Total liabilities | 1,213 | 1,077 | 941 | 796 | 672 | 579 | 259 |
| Assets | |||||||
| Gross block | 819 | 740 | 710 | 382 | 339 | 304 | 232 |
| Net block | 549 | 525 | 548 | 265 | 253 | 249 | 201 |
| Capital work in progress | 220 | 135 | 15.12 | 251 | 50.97 | 3.12 | 1.09 |
| Investments | 320 | 247 | 188 | 132 | 173 | 49.68 | 20.84 |
| Inventories | 173 | 149 | 166 | 118 | 118 | 94.67 | 76.76 |
| Sundry debtors | 257 | 220 | 204 | 200 | 172 | 121 | 104 |
| Cash & bank balances | 28.55 | 37.10 | 32.67 | 48.79 | 99.62 | 258 | 5.68 |
| Loans & advances | 15.15 | 24.11 | 30.93 | 20.49 | 10.30 | 18.54 | 3.47 |
| Total current assets | 474 | 430 | 434 | 387 | 399 | 493 | 190 |
| Total current liabilities | 336 | 262 | 267 | 259 | 240 | 225 | 156 |
| Net working capital | 138 | 168 | 167 | 128 | 160 | 268 | 33.92 |
| Total assets | 1,213 | 1,077 | 941 | 796 | 672 | 579 | 259 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 37.09 | 32.65 | 47.18 | 35.53 | 44.80 | 5.68 | 11.84 |
| Net cash from operating activities | 211 | 205 | 152 | 116 | 65.19 | 121 | 72.34 |
| Net cash from investing activities | (194) | (175) | (143) | (84.40) | (69.16) | (318) | (61.27) |
| Net cash from financing activities | (25.97) | (25.47) | (23.81) | (20.06) | (5.29) | 236 | (17.23) |
| Net change in cash | (8.55) | 4.44 | (14.53) | 11.65 | (9.27) | 39.11 | (6.16) |
| Closing cash | 28.55 | 37.10 | 32.67 | 48.79 | 99.62 | 258 | 5.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +4.1% | +1.8% | +16.9% | +18.5% | +25.3% | +15.8% | - |
| EBITDA growth | +4.0% | -0.5% | +28.2% | +33.5% | +11.0% | +34.6% | - |
| PBT growth | +1.6% | -3.1% | +27.3% | +36.4% | +16.8% | +45.2% | +100.0% |
| Net income growth | +4.1% | -3.0% | +13.0% | +56.0% | +18.7% | +48.4% | - |
| Revenue CAGR (3Y) | +7.4% | +12.1% | +20.2% | +19.8% | +19.2% | +20.7% | +29.3% |
| EBITDA CAGR (3Y) | +9.9% | +19.4% | +23.8% | +25.9% | +36.2% | +75.6% | - |
| Profitability & leverage | |||||||
| Net income margin | +10.9% | +11.3% | +11.9% | +12.3% | +9.3% | +9.8% | +7.7% |
| Return on capital employed | +17.3% | +19.3% | +23.0% | +21.4% | +18.5% | +24.3% | +30.5% |
| Return on net worth | +13.0% | +14.7% | +17.6% | +18.5% | +13.9% | +19.1% | +31.1% |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.09 | 0.37 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.17 |
| Interest cover | 1.29 | 1.67 | 0.85 | 0.94 | 1.27 | 3.88 | 7.83 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.71 | 1.76 | 2.30 | 2.98 | 2.82 | 2.69 | 3.14 |
| Inventory turnover | 8.26 | 8.10 | 8.84 | 9.12 | 8.53 | 8.44 | 8.55 |
| Debtors turnover | 5.57 | 6.02 | 6.21 | 5.77 | 6.19 | 6.41 | 6.00 |
| EPS (₹) | 30.50 | 30.22 | 31.22 | 27.73 | 17.67 | 14.89 | 16.48 |
| Dividend per share (₹) | 5.00 | 3.50 | 3.50 | 3.50 | 3.00 | 0.00 | 0.00 |
| Book value per share (₹) | 248.00 | 220.04 | 192.16 | 163.09 | 136.61 | 118.46 | 61.59 |
Want more history and ratios?
You're viewing the latest exchange-filed financials for Indigo Paints Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
Board of Directors of Indigo Paints Limited
Indigo Paints has 8 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Nigam Also directs: Sunshot Technologies LLP, Hector Beverages Private Limited, Visage Lines Personal Care Private Limited and 2 more | Director | 28 Mar 2019 | 7 Years 6 Months | Current |
| Narayanankutty Kottiedath Venugopal Also directs: Apple Chemie India Private Limited | Director | 24 Feb 2016 | 10 Years 7 Months | Current |
| Praveen Kumar Ramniranjan Tripathi | Director | 13 Nov 2014 | 11 Years 11 Months | Current |
| Parag Hemant Jalan Also directs: Tessra Capital Advisory LLP | Director | 22 May 2024 | 2 Years 4 Months | Current |
| Hemant Kamala Jalan Also directs: BSL Ltd, Apple Chemie India Private Limited, Halogen Chemicals Private Limited and 1 more | Managing Director | 28 Mar 2000 | 26 Years 6 Months | Current |
| Sunil Badriprasad Goyal | Director | 13 Nov 2014 | 11 Years 11 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer Comparison of Indigo Paints Limited
Indigo Paints Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kansai Nerolac Paints Limited Listed | ₹7,486.41 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| JSW Dulux Limited Listed | ₹4,118.8 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| PPG Asian Paints Private Limited | ₹2,165.46 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| JSW Paints Limited | ₹2,163.18 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Visen Industries Limited | ₹1,990.49 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Indigo Paints Limited this company | ₹1,405.02 Cr (FY 2026) | •••• | •••• | 4.8% | •••• | Pune, Maharashtra, India |
| Nippon Paint (India) Private Limited | ₹1,265.99 Cr (FY 2021) | •••• | •••• | -1.0% | •••• | Sunguvarchatiram, Tamil Nadu, India |
| Asian Paints PPG Private Limited | ₹1,199.16 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Uttar Pradesh, India |
| Grauer and Weil (India) Limited Listed | ₹1,180.04 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Axalta Coating Systems India Private Limited | ₹1,097.81 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Indigo Paints by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indigo Paints Limited
Indigo Paints Limited is audited by SRBC & CO LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRBC & CO LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Shareholding Pattern of Indigo Paints Limited
Shareholding for the quarter ended Sep 2026: promoters hold 53.90%, foreign institutional investors hold 5.70%, domestic institutional investors hold 25.30% and retail and other public shareholders hold 15.20%.
Sep 2026
QUARTER
53.90% Promoters
25.30% DII (Domestic Institutional)
5.70% FII (Foreign Institutional)
15.20% Retail & Others
Promoter holding - history
Now 53.90% · Sep 2026High 53.90% · Dec 2025Low 53.90% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 53.90% | 53.90% | 53.90% | 53.90% |
| Public | 46.10% | 46.10% | 46.10% | 46.10% |
Charges & Borrowings of Indigo Paints Limited
Open charges
None
Satisfied charges
₹125.37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Sep 2018 | Hdfc Bank Limited | ₹33 Cr | Satisfied |
| 02 Feb 2018 | Others | ₹6.5 Lakh | Satisfied |
| 02 Jan 2018 | Hdfc Bank Limited | ₹14.1 Cr | Satisfied |
| 07 Aug 2017 | Hdfc Bank Limited | ₹6 Cr | Satisfied |
| 27 Jan 2017 | Others | ₹6.2 Cr | Satisfied |
Total charge records: 16 View all charges
Deals & Funding of Indigo Paints Limited
Indigo Paints Limited has 19 deals on record (7 secondary share transfers, 6 market trades, 5 funding rounds), with disclosed funding of ₹145.33 Cr; the latest was in May 2025.
Total deals
19
Secondary share transfers
7
Market trades
6
Funding rounds
5
IPO
1
Disclosed funding
₹145.33 Cr
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹218.7 Cr | Buyer: Share India Securities Limited, Irage Broking Services LLP Seller: Irage Broking Services LLP , Share India Securities Limited |
| Sep 2024 | Market trade | ₹2,350.33 Cr | Buyer: Irage Broking Services LLP , Share India Securities Limited, Hdfc Mutual Fund Seller: Peak Xv Partners Investments V, Peak Xv Partners Investments Iv, Share India Securities Limited |
| Nov 2022 | Market trade | ₹225.89 Cr | Buyer: Goldman Sachs Public Market Fund, Icici Prudential Life Insurance Company Limited , an individual Seller: Sci Investments V, Sequoia Capital India Investments Iv |
| Feb 2021 | Market trade | ₹775.85 Cr | Buyer: Abu Dhabi Investment Authority, India Acorn Icav, Nomura India Investment Fund Mother Fund - The Mtbj Ac Nomura India Inves Fd Seller: NK Securities Research Private Limited , Nuvama Wealth Finance Limited , an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jagdamba Chemicals Private Limited |
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Full deal history
All 19 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Indigo Paints Limited
Indigo Paints Limited has 502 court cases on record: 492 filed by Indigo Paints, 9 filed against it, 1 where it is another party. 326 cases are pending and 176 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Total cases
502
Filed by the company
492
Filed against the company
9
Pending
326
Disposed
176
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 489 | 8 | 325 |
| High courts | 13 | 1 | 1 |
Cases on record (5 of 502)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against Invicto Global Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Thattummal Building Materials Trading Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
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Full case history
All 502 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Indigo Paints Limited
Indigo Paints Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 4,747 overdue payments to 221 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 221)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Popawala Chemicals Private Limited | •••• | •••• | •••• |
| Ariba Plasticans | •••• | •••• | •••• |
| Sauradip Chemical Industries Pvt Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Supreme Containers | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 19 MSME Form 1 returns is in the company report.
- Every reported supplier due
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- Period-by-period history
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Indigo Paints Limited
Indigo Paints Limited has a workforce of 1,082 employees as of Nov 20, 2024.
Employee count
1,082
Active EPFO establishments
1
Employee growth
18.51%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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Recent Activity on Indigo Paints Limited
Indigo Paints Limited has 14 board changes on record since 2000: 8 appointments and 6 cessations. The latest: Abhay Kumar Pandey was appointed as Director on 07 Nov 2024.
AGM
Indigo Paints Limited last Annual general meeting of members was held on 12 Sep 2026 as per latest MCA records.
Filing
Indigo Paints Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
Appointed
Abhay Kumar Pandey was appointed as Director.
Ceased
Sakshi Vijay Chopra ceased to be Nominee Director.
Appointed
Parag Hemant Jalan was appointed as Director.
Appointed
Ashwini Ashish Deshpande was appointed as Director.
Ceased
Nupur Garg ceased to be Director.
Charges
A charge registered on 05 May 2015 via Charge ID 10583030 with Hdfc Bank Limited was fully satisfied on 13 Aug 2021.
Charges
A charge registered on 14 Sep 2018 via Charge ID 100209810 with Hdfc Bank Limited was fully satisfied on 06 May 2021.
Charges
A charge registered on 02 Jan 2018 via Charge ID 100148267 with Hdfc Bank Limited was fully satisfied on 06 May 2021.
Charges
A charge registered on 07 Feb 2011 via Charge ID 10266990 with Others was fully satisfied on 03 Jul 2020.
Ceased
Anita Hemant Jalan ceased to be Additional Director.
47 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indigo Paints Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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Subsidiaries & Group Companies of Indigo Paints Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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GST Compliance of Indigo Paints Limited
Indigo Paints has 25 GST registrations: 22 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
25
Active
22
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAACI8094D1ZO | Uttarakhand | Active | 01 Jul 2017 |
| 06AAACI8094D1ZM | Haryana | Active | 01 Jul 2017 |
| 08AAACI8094D1ZI | Rajasthan | Active | 01 Jul 2017 |
| 09AAACI8094D1ZG | Uttar Pradesh | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Indigo Paints Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Indigo Paints Limited
Frequently Asked Questions about Indigo Paints Limited
Indigo Paints is an active public limited company based in Pune, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 28 March 2000 (26+ years old) and is registered under CIN L24114PN2000PLC014669. Listed on BSE: 543258 and NSE: INDIGOPNTS.
Indigo Paints reported revenue of ₹1,405.02 Cr for FY 2025-26 (up 4.8% YoY) based on consolidated financials.
Indigo Paints has 8 current directors:
- Hemant Kamala Jalan - Managing Director
- Ravi Nigam - Director
- Narayanankutty Kottiedath Venugopal - Director
- Praveen Kumar Ramniranjan Tripathi - Director
- Parag Hemant Jalan - Director
- Sunil Badriprasad Goyal - Director
- Abhay Kumar Pandey - Director
- Ashwini Ashish Deshpande - Director
The GSTIN of Indigo Paints is 05AAACI8094D1ZO, registered in Uttarakhand. The company has 25 GST registrations in all, of which 22 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAACI8094D1ZM (Haryana), 08AAACI8094D1ZI (Rajasthan), 09AAACI8094D1ZG (Uttar Pradesh).
The CIN (Corporate Identification Number) of Indigo Paints is L24114PN2000PLC014669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indigo Paints is listed on both BSE (code: 543258) and NSE (symbol: INDIGOPNTS).
Indigo Paints has 502 court cases on record: 492 filed by the company and 9 filed against it. 326 are pending. Most are in the district courts.
Indigo Paints was incorporated on 28 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Pune.
Indigo Paints has 19 deals on record (7 secondary share transfers, 6 market trades, 5 funding rounds), with disclosed funding of ₹145.33 Cr; the latest was in May 2025.
The peers of Indigo Paints by revenue are Kansai Nerolac Paints Limited, JSW Dulux Limited, PPG Asian Paints Private Limited, JSW Paints Limited, Visen Industries Limited and 5 more, all in the Manufacturing industry (Paints).
Abhay Kumar Pandey was appointed as Director on 07 Nov 2024. Sakshi Vijay Chopra ceased to be Nominee Director on 07 Nov 2024. Parag Hemant Jalan was appointed as Director on 22 May 2024. Indigo Paints has 14 board changes on record in total.
Indigo Paints has 19 MSME Form 1 returns on record between 2019 and 2024, listing 4,747 overdue payments to 221 micro and small suppliers. The latest return was filed on 30 Apr 2024.